UK borrows more than expected in March

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Peter Spence

Public sector net borrowing came in at £16.7bn in March including bank interventions, versus expectations of £14bn. Excluding interventions borrowing stood at £15.1bn versus expectations of £15.5bn, lower than £16.7bn last year.

So with all the effort and assuming the distortions are removed correctly the UK2012/13 deficit improved by £300 million. Is that it?